West Fargo appreciation rates and housing market information

West Fargo housing market information

With 14,632 people, 5,854 houses or apartments, and a median cost of homes of $169,345, West Fargo real estate is some of the most expensive in North Dakota, although West Fargo home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in West Fargo, accounting for 52.87% of the city's housing units. Other types of housing that are prevalent in West Fargo include large apartment complexes or high rise apartments (22.36%), row houses and other attached homes (9.51%), duplexes, homes converted to apartments, or other small apartment buildings (8.17%), and a few mobile homes or trailers (7.09%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in West Fargo. Owner-occupied housing accounts for 65.97% of West Fargo's homes, and 56.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Fargo built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Fargo built from 1940-1969 (23.21%). A lesser amount of the housing stock also hails from 1995 and later (16.13%), and some were built from 1939 and earlier (16.13%).

West Fargo home appreciation rates

Real estate appreciation rates in West Fargo have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.76% during the period.

Appreciation rates are so strong in West Fargo that despite a nationwide downturn in the housing market, West Fargo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Fargo appreciation rates continue to be some of the highest in America, at 3.79%, which is higher than appreciation rates in 82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Fargo. West Fargo appreciation rates in the latest quarter were at 0.44%, which equates to an annual appreciation rate of 1.76%.

Relative to North Dakota, our data show that West Fargo's latest annual appreciation rate is higher than 35% of the other cities and towns in North Dakota.